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Question
When demand shifts, the equilibrium price and quantity move in
When demand shifts, the equilibrium price and quantity move in
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Solution
The correct option is A same
When the demand shifts, the producers would move along the supply curve to reach equilibrium. Since the supply curve is upward sloping, price and quantity would move in the same direction.
When the demand shifts, the producers would move along the supply curve to reach equilibrium. Since the supply curve is upward sloping, price and quantity would move in the same direction.
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